Trump Destroyed the EV Industry, Just When We Need It Most
The Bulwark • • business
Key Points:
- General Motors has launched the 2027 Chevrolet Bolt, an affordable all-electric subcompact car, but plans to end its production next year as the Kansas City factory will revert to making internal combustion engine vehicles.
- GM remains committed to EV production but has scaled back overall ambitions, reflecting a broader industry trend with companies like Honda also canceling planned EV models in the U.S.
- The rollback in EV support is linked to policy changes under Donald Trump, including the removal of tax incentives and the weakening of fuel economy and emissions standards that previously encouraged EV adoption.
- Despite high gas prices driving increased consumer interest in electric vehicles, U.S. automakers are becoming less capable of meeting this demand due to reduced EV production capacity.
